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Dec 26, 2012
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all eyes are on whether the government will cut pension payments. japan also plans to double consumption tax to 10% by october 2015. but the international monetary fund says a minimum of 15% is needed for full fiscal rehabilitation. the new government says it will first tackle economic recovery and plans to draft an extra budget for the current fiscal year. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people. pollution threatens their health. and disputes at sea strains relations with its neighbors. find out the challenges china faces, on "newsline." >>> traffic in china is said to be more of a free-for-all than an orderly procession. motorists often ignore other motorists and pedestrians too, and the pedestrians also play fast and loose with the rules. one result, lots of accidents. so authorities are taking action. nhk world's takafumi terui has the report. >> reporter: red lights don't stop these pedestrians. and crossings, who needs them? as for drivers, when they change
all eyes are on whether the government will cut pension payments. japan also plans to double consumption tax to 10% by october 2015. but the international monetary fund says a minimum of 15% is needed for full fiscal rehabilitation. the new government says it will first tackle economic recovery and plans to draft an extra budget for the current fiscal year. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people....
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Dec 29, 2012
12/12
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all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now, and that's supportive of the gold. >> reporter: a gold rally is not
all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a...
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Dec 25, 2012
12/12
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the government does not recognize them as citizens. bangladesh refuses to grant citizenship status. >>> that will wrap up our bulletin for today. >>> artists have tried since 1945 to make sense of the atomic bombings in japan. one of them, the menga comic artist has sadly passed away. he died of lung cancer at 73. he survived hiroshima himself as a child and worked tirelessly to deliver a powerful message for world peace. nhk world has more. >> reporter: barefoot gen is a story of a boy who survived the atomic bomb on hiroshima. author keiji nakazawa was 6 when he lost his father and two siblings in the bombing, but he avoided the topic in his first manga comics. survivors were often shunned by society. nakazawa preferred to keep silent, but he changed deeply when his mother passed away in 1966. she was also a survivor. >> translator: when my mother was cremated, there were no pieces of bones left at all. that made me so angry. i made up my mind not to ignore the bomb. >> reporter: nakazawa began to create work inspired by the a-bomb.
the government does not recognize them as citizens. bangladesh refuses to grant citizenship status. >>> that will wrap up our bulletin for today. >>> artists have tried since 1945 to make sense of the atomic bombings in japan. one of them, the menga comic artist has sadly passed away. he died of lung cancer at 73. he survived hiroshima himself as a child and worked tirelessly to deliver a powerful message for world peace. nhk world has more. >> reporter: barefoot gen is...
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Dec 28, 2012
12/12
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>> well, i work under three governments under the time -- under the fourth republican front. the government was changing at a rapid pace but you deal with the lady of the house and of course i show the president at christmas and otherwise, you deal with the lady of the house and you have to realize that at that time the work of the cook was very, very low on the social scale. any good mother wanted her mother to marry a child, a doctor, an architect. definitely not a cook. we are genius now. >> rose: what's the difference between a cook and a chef? >> well, the cook is the one who cooks that i do at home and the chef is the chief. so at home i am the cook. if i work in the kitchen and i have five six guys working from me -- >> rose: you're the chef. >> some of new york's great food can be found outside manhattan in the glare of the bright lights. ever since this establishment by the dutch in the 17th century, brooklyn has been a place of immigrants. >> i'm one anybody in the dominican republic then i'm in yemen and the next minute i'm in old ireland. >> it allows some people
>> well, i work under three governments under the time -- under the fourth republican front. the government was changing at a rapid pace but you deal with the lady of the house and of course i show the president at christmas and otherwise, you deal with the lady of the house and you have to realize that at that time the work of the cook was very, very low on the social scale. any good mother wanted her mother to marry a child, a doctor, an architect. definitely not a cook. we are genius...
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Dec 30, 2012
12/12
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. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >> whenever we come up with will be in perfect. >> it comes up with president obama calls the bare minimum addressing tax cuts without doing anything to curb spending. >> we will get at best a patch and be here again in two months. congress cannot get out of its own way. >> average family would pay an extra $3,400 next year. >> the law says that every american's tax rates are going up. every american's paycheck will its mother. if that the impasse has shaken wall street, -- the impasse has shaken wall street. >> i think the likelihood is we go over the fiscal cliff. >> jim moran is wondering if partisan politics has destroyed
. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >>...
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Dec 27, 2012
12/12
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that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territories. a newly created post for akira amari for the council on economic and fiscal policy which was cut by the previous government. we asked people in central tokyo what they expect from the abe administration. >> translator: i hope it will fix the economy and energize japan. >> translator: i want a new cabinet to use tax-free on the tsunami survivors. i really have a high expectation about this. >> translator: i want a new administration to listen to the voices of young people and do something new because nothing really seems to have changed. >> abe takes charge as japan is embroiled in some difficult relations with its neighbors. a former u.s. official hopes the new government will rebuil
that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territories. a newly created post for akira amari for the council on economic and fiscal policy which was cut by the previous government....
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Dec 30, 2012
12/12
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government says the government of the united states of america is not in any sense founded on the christian religion. there are also courses approved vision for the total separation of church and state in the founding doctrine, correct? >> no, i don't think the total separation of church and sta is in the bible, there's total disebb stabment, emerges in the 19th century. >> wer they dominantly christian, as if it was not founded as a nation free of any required state religion? >> no, i -- no, i -- this -- >> therefore, it was a secular nation, as they saw it, and they wanted it that way. >> i think you have to talk about whether it's by law or by culture. and i think most everybody would have understood early on that by law, the nation was secular, but by choice, the nation was -- in otr words, its people were christians and there's always been that dynamic, people have always understood there's a tension there between a population that's largely christian but uses its freedom to choose christiity and the laws that say go ahead and be whatever religion you want to be. >> this is what i unde
government says the government of the united states of america is not in any sense founded on the christian religion. there are also courses approved vision for the total separation of church and state in the founding doctrine, correct? >> no, i don't think the total separation of church and sta is in the bible, there's total disebb stabment, emerges in the 19th century. >> wer they dominantly christian, as if it was not founded as a nation free of any required state religion?...
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Dec 29, 2012
12/12
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he plays for a private school, not governed by florida high school athletic association rules. his dad is the coach, and crazy as it is, the kid can flat out and play. there may be a little hockey after all. the nhl has upped its offer to the players association for the first time in a month. they have been steadfast at keeping players contracts to five years. they have upped it to 6, 7 if you own a player. the ready to go. the nhl may be going back to work. >> show me that video again. is it not unbelievable? >> if he played here, he would be five rows up. she got an ipod for christmas but that is not >> a virginia woman got an unwelcome who surprise. instead of an ipad, a box full of notepads. she took the box back to walmart and after arm-twisting got a new ipad. there have apparently been other switches acros >> first snowflakes beginning to show up in the mountains of west virginia by tomorrow morning. light snow, spreads in on us. the dreaded winter remix. -- wintery mix.
he plays for a private school, not governed by florida high school athletic association rules. his dad is the coach, and crazy as it is, the kid can flat out and play. there may be a little hockey after all. the nhl has upped its offer to the players association for the first time in a month. they have been steadfast at keeping players contracts to five years. they have upped it to 6, 7 if you own a player. the ready to go. the nhl may be going back to work. >> show me that video again....
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Dec 25, 2012
12/12
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thing to prove, not just that we could create a government of the people, but that it could endure a terrible test. and i think that he felt that to have the war end without slavery being eliminated -- >> once and for all, not just with the emancipation proclamation-- >> -- had once and for all, right. >> -- but by the constitution. >> right, and i think that you see how important that was to him and that he tried to and succeeded in getting the house to pass it, at the same to keep his party which was enormously, it's the like democratic party today, it's blue dog democrats, there were sort of blue dog republicans. half the republican party was conservative and weren't sure that they liked, they were anti-slavery but they believed in sort of gradual emancipation over they, thought that by 1900 it can sort of just wither out on its own. and to keep those guys from jumping the fence and voting withhe docrats against the amendment which would have made it impossible. so he had to do this balancing act between apparently pursuing a peace plan and pushing the amendment through at the sam
thing to prove, not just that we could create a government of the people, but that it could endure a terrible test. and i think that he felt that to have the war end without slavery being eliminated -- >> once and for all, not just with the emancipation proclamation-- >> -- had once and for all, right. >> -- but by the constitution. >> right, and i think that you see how important that was to him and that he tried to and succeeded in getting the house to pass it, at the...
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Dec 27, 2012
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you have the government in china. so if don't fight the fed works then you don't want to take on all of these central banks. and market action has been showing this. when the year closes here, we're going to see new all-time yearly closing highs on the small-cap index, on the midcap index and on the dow transportation index. those are yearly closing highs. the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about equities, for investors who have money in bonds, should they be now transferring money into equities or do you still see that it makes sense to keep some of your money in treasures and other bonds? >> it depends on the investor. if the yield is important to them as income and they won't need to sell their bonds before maturity, then i say hang on to them. i'm not one of those people who thinks that bonds are going to take a big drop. i would be skeptical of trying to play it tactically which means by some bond and then you look to sell them quickly, i w
you have the government in china. so if don't fight the fed works then you don't want to take on all of these central banks. and market action has been showing this. when the year closes here, we're going to see new all-time yearly closing highs on the small-cap index, on the midcap index and on the dow transportation index. those are yearly closing highs. the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about...
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Dec 28, 2012
12/12
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the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program it recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal cliff. the precious metal settled $3 hier at $1,663 an ounce. gold prices are on pace for an annual rise of about 6%, the smallest annual gain since 2008. and, supply concerns pushed palladium prices to a nine-month high. investors are worried that tight supplies from the world's top two producers and steady demand from the auto sector could mean higher prices in 2013. it settled at $708 an ounce: over the past year the metal has rising about 7.5%. and finally, for the second day in row the ishares emerging market e.t.f. ended higher. and that's tonight's "market focus." >> susie:
the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program it recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal...
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Dec 27, 2012
12/12
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KRON
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the rate sparked widespread protests and a government panel will be assembled to look into crime and suggest ways to improve women's safety. >> south africa's president see it says former president nelson mandela has a release from the hospital. the 94 year old had been in the hospital since the beginning of this month. he was diagnosed with lung infection and also had a surgery to remove gall stones. a presidential spokesman says mandela or receive more medical care at his johannesburg, until he fully recovers. newtown connecticut officials are asking the public to stop sending gifts which the small town is struggling to manage. since the slaying of 20 students and six faculty members nearly two weeks ago the town has been the loser would guess from tens of thousands of teddy bears, barbie dolls and soccer balls to flowers, art work and school supplies. officials say they would detail the best ways to help the community after the warehouse full of items are process. >> electronic board of the nasdaq on the right and the opening bell will ring in just a few moments. we have a better
the rate sparked widespread protests and a government panel will be assembled to look into crime and suggest ways to improve women's safety. >> south africa's president see it says former president nelson mandela has a release from the hospital. the 94 year old had been in the hospital since the beginning of this month. he was diagnosed with lung infection and also had a surgery to remove gall stones. a presidential spokesman says mandela or receive more medical care at his johannesburg,...
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Dec 26, 2012
12/12
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i mean like the government department that exists to do nothing, a court case that never ends, that's something that you might find. the dust heaps in our mutual friend. the city dwarfed by its own garbage. you have these larger than life surrealistic images which are powerful becausehey' grafted on to the real world. because they grow out of the real world they gain power. they don't become just whimsical. >> charlie: are you agreeing with that, simon? >> oh, god, life. there's something hall use nation about dickens' prose. sometimes you ask yourself what's this guy on? there's a wonderful passage in the christmas carol where he says of majerle's former house. it was up a yard which it had so little business to be in that you couldn't help fancying that it might have run there as a young house playing hide and seek with other houses. once a writer has written that he's tampering with your brain in a most thrilling way. >> charlie: tell me about his home life and his wife and his wife's sister. >> he was married for 23 years to catherine whose father ran the newspaper the morning chr
i mean like the government department that exists to do nothing, a court case that never ends, that's something that you might find. the dust heaps in our mutual friend. the city dwarfed by its own garbage. you have these larger than life surrealistic images which are powerful becausehey' grafted on to the real world. because they grow out of the real world they gain power. they don't become just whimsical. >> charlie: are you agreeing with that, simon? >> oh, god, life. there's...
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Dec 26, 2012
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t now, if federal government does it, the federal government is going to make it very clear that people who are eligible for medicaid fiant 'd find their way to medicaid. now, people who are currently eligible for medicaid, obviously, will get on medicaidi and that's why a lot of these republican governors, even if they're not going to expand t medicaid-- which is what the law originally envisioned and the supreme court made optional--bl those people may be left without anything. but the people who are currently eligible for medicaid will be steer told medicaid if they'reo eligible. that's called the "woodwork" effect. people are expected to comero forwardux try to buy insurance through the exchanges and someone at the exchange will say, "you're actually eligible for medicaid now."ng governors are having to put money for that in their budget. that's one of the things governors were worried about, these people currently eligible for medicaid but not getting it. then there will also be a lot of pressure on the gornors to expand medicaid anyway, even if they say they don't want to do it. t
t now, if federal government does it, the federal government is going to make it very clear that people who are eligible for medicaid fiant 'd find their way to medicaid. now, people who are currently eligible for medicaid, obviously, will get on medicaidi and that's why a lot of these republican governors, even if they're not going to expand t medicaid-- which is what the law originally envisioned and the supreme court made optional--bl those people may be left without anything. but the people...
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Dec 25, 2012
12/12
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the federal government. this past july u.s. attorney melinda hague filed forfeiture action against them. that means that the buildings could be seized dispensary shut down. it's all part of ongoing federal crackdown on pot in california. >> one of the reasons we are making these announcements today to try to put to rest the notion that large marijuana businesses can shelter themselves under state law and operate without fear of federal enforcement. >> henry, the lead attorney for harbor side, says in the past year hundreds of california dispensaries have been shut down. >> up until now every time the federal government has attempted to close down a dispensary through forfeiture action they have closed their doors and moved on. i suspect that that's what they thought was going to happen with harbor side but they got a big surprise. >> shortly after they received the notice, harbor side announced they would contest the case. and in october they received an unlikely ally, the city of oakland. city own barbara parker filed suited a
the federal government. this past july u.s. attorney melinda hague filed forfeiture action against them. that means that the buildings could be seized dispensary shut down. it's all part of ongoing federal crackdown on pot in california. >> one of the reasons we are making these announcements today to try to put to rest the notion that large marijuana businesses can shelter themselves under state law and operate without fear of federal enforcement. >> henry, the lead attorney for...
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Dec 29, 2012
12/12
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if the rest of the government isn't going to follow along, india's government is very consictein many way from at can do. so unfortunately this hasn't been made a big case, a big issue of yet so far but i actually think that this could be the time. i think that this case could give an opening. >> well, news from singapore of the young woman's death after the gang rape broke during the middle of the night in the india. so indians in their millions will awake to the news that the woman has died. have we crossed a threshold. is this an issue that simply can't be put back in the bottle and forgotten? >> well, you know, i think that probably when it comes to the street protest the death, the tragic death of this woman is going through means the protest will peak today and it's possible that after that the protests will dribble off and you know this case may be forgotten. this woman's name may stop being the top of the news. but i think that this case is a watershed moment. i think it can be a watershed moment. there are many other cases in india of other social issues where civic protests
if the rest of the government isn't going to follow along, india's government is very consictein many way from at can do. so unfortunately this hasn't been made a big case, a big issue of yet so far but i actually think that this could be the time. i think that this case could give an opening. >> well, news from singapore of the young woman's death after the gang rape broke during the middle of the night in the india. so indians in their millions will awake to the news that the woman has...
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Dec 27, 2012
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>> i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot when take a listen. the car lerched forward and hit the cement wall in front of us. she strained ligaments in her foot causing massive swelling. >> and you won't drive this again? >> i will not. >> toyota has never concede d that there was a problem. but drew found a document that showed in one instance that a problem was discovered. toyota says this has nothing to do with unintended problems. drew first a big question. >> from the beginning the company maintained it doesn't have a problem. certainly nothing wrong with the system. the company said it was three things. operator error as they said was tanya's case. she stepped on the gas instead of the break. >> here is what the officer said in a statement today. this was a difficult decision especially since evaluations have confirmed the safety of the si systems. >> so it is a way that the company says we are going to put it behind us and keep the secrets out of the court. >> all right drew
>> i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot when take a listen. the car lerched forward and hit the cement wall in front of us. she strained ligaments in her foot causing massive swelling. >> and you won't drive this again? >> i will not. >> toyota has never concede d that there was a problem. but drew found a document that showed in one instance that a problem was discovered. toyota...
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Dec 27, 2012
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but also more people may turn to charities if their own government benefits are cut. so charities are expecting a tough 2013. >> ifill: jacque simon, if i'm an employee of the pentagon or some place which there are tens ofthousands of employees, is there any possibility that any deal that that come up with is going to disproportionately affect a department like that or does that happen across the board? >> well, everything as it is right now is determined by the -- a law that was passed in 2011, the budget control act. that's what set in motion this trigger for sequestration. in that law, roughly half was supposed to go to the department of defense and half in nondefense agencies. but given that, they will be -- that's one of the things that there's uncertainty among federal empleeslso, because we don't know yet how much discretion agencies will have and how they implement their cuts. and, again, a lot of focus is on sequestration, those automatic cuts. but that law also put in place spending caps that will affect cuts that are even larger than the sequestration cuts.
but also more people may turn to charities if their own government benefits are cut. so charities are expecting a tough 2013. >> ifill: jacque simon, if i'm an employee of the pentagon or some place which there are tens ofthousands of employees, is there any possibility that any deal that that come up with is going to disproportionately affect a department like that or does that happen across the board? >> well, everything as it is right now is determined by the -- a law that was...
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Dec 29, 2012
12/12
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the government has responded with what many governments often respond to in crisis managementituation, commissionsndnquy, emotions are running very high and the call for capital punishment is an expression of the public outrage and you hear that a lot. and the government is said to be considering that. now of course the critics say, well, look, this is not, what's not needed here is greater punishment. but what is needed is better investigative and prosecutorial ca pace, that is what will help the problem. but while there was this need, you know, for policing reforms and better forensic andore effientcrimal justice system, the contours of the debate, ray, are coming down this to this. how do we change attitudes toward women. i mean indian women complain about a mentality that springs are from centuries of tradition. of defining women as objects and being subject ated. and young men say the women are achb seen as the repository of the family honor. so if the women is the victim of a sexual assault, oftentimes she sown as having been dishonored the family rather than the r5i7ist who has
the government has responded with what many governments often respond to in crisis managementituation, commissionsndnquy, emotions are running very high and the call for capital punishment is an expression of the public outrage and you hear that a lot. and the government is said to be considering that. now of course the critics say, well, look, this is not, what's not needed here is greater punishment. but what is needed is better investigative and prosecutorial ca pace, that is what will help...
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Dec 29, 2012
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. >> we have a crisis of self government right now. >> if an agreement is reached it would be with the president calls a bare minimum keeping unemployment benefits for about 2 million americans in place. tough issues like spending cuts will not be tackled until next year. the next 24 hours will be crucial. richard reeve, abc 7 news. >> we have an update on former president george h. w. bush. the 88-year-old was moved out of intensive care at a houston hospital. they say that his condition continues to will improve and the family thanks everyone for their prayers and good thoughts. president bush has been in the hospital since late november for a cough. >> a deadly plane crash in russia tonight. what investigators believe happened. >> following developing news from russia, where a passenger plane has crashed as it as it attempted to land in moscow. 4 people of the eight who were on board were killed, 4 others seriously injured. and the the woman who was gang raped in india at two weeks ago has died. the police in new delhi are urging people to stay calm. there have already been riots an
. >> we have a crisis of self government right now. >> if an agreement is reached it would be with the president calls a bare minimum keeping unemployment benefits for about 2 million americans in place. tough issues like spending cuts will not be tackled until next year. the next 24 hours will be crucial. richard reeve, abc 7 news. >> we have an update on former president george h. w. bush. the 88-year-old was moved out of intensive care at a houston hospital. they say that...
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Dec 29, 2012
12/12
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all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now and that's supportive of the gold. >> reporter: a gold rally is not a
all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a...
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Dec 27, 2012
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so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential t
so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while...
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Dec 27, 2012
12/12
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government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is pretty much impossible. the on-line ticketers like expedi
government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle...
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Dec 27, 2012
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defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says the 88-year-old was alert, joking with doctors, but had yet to respond to fever- reducing medication. a bronchitis cough initially sent him to the hospital in november. >>> a cash payout coming to millions of toyota drivers. >>> right away, i thought, a card from an angel. >> lost and found. a thrift store discovery that
defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being...
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Dec 27, 2012
12/12
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LINKTV
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the government enjoys air superiority and is using it without reserve. but these rebel fighters are already getting ready for a full series. they are training for the creation of a future syrian army. >> after liberating several areas, our thinking is that it shifted the for the syrian national army. our main goal is to topple the regime of, but we need to find an alternative to a takeover. >> organized and eager. they have inherited a lot. >> thousands of people have taken to the streets for the third time this week, protesting a number of arrests, targeting city officials. >> thousands have taken -- the ministers bodyguards are arrested, accusing the government of being sectarian. >> this crowd is not political or sectarian, but represents everyone became for the marginal elevation. when we say the injustices happen, it doesn't mean we want to take the country to a civil war. >> the governor of the prime minister has denied allegations of adopting sectarian policies. >> this is an effort to return the sectarian divide after they lost voters and the con
the government enjoys air superiority and is using it without reserve. but these rebel fighters are already getting ready for a full series. they are training for the creation of a future syrian army. >> after liberating several areas, our thinking is that it shifted the for the syrian national army. our main goal is to topple the regime of, but we need to find an alternative to a takeover. >> organized and eager. they have inherited a lot. >> thousands of people have taken to...
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Dec 27, 2012
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. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not expecting this christmas. baby conner. >> i was thinking mid-january. i guess he had his own will. >> reporter: the trouble wasn't that he was early, it was that he was fast.
. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their...
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Dec 27, 2012
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. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to jump into action when his baby arrived a lot sooner than expected. >> when we can expect the next round of rain. >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not expecting this christmas. baby conner. >> i was thinking mid-
. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their...
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Dec 27, 2012
12/12
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first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't want to be partisan about this. one factor that can help is tax policy, but the broader issue is jobs. people at the top are earning much more than they ever have. >> talks to that point about tax policy, the numbers out there, is it 250,000? is it 400,000? what is the threshold that would help to flatten this issue of income inquaet, be more progressive, perhaps? >> i think it would help to, at the top, to increase the rates. i think there's a need for training. we looked at two states along with washed. we looked at massachusetts and indiana. it's a skills economy. the manufacturing jobs where a high
first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't...
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Dec 27, 2012
12/12
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a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] >>> we have this just in to cnn. you're looking live at air force one as it lands. just back from hawaii. the president had to cut short his vacation there. his holiday vacation so he could deal with the looming fiscal cliff. all eyes are
a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes...
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Dec 27, 2012
12/12
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treasury secretary tim geithner says tomorrow he'll begin talking about the steps to delay hitting the government's borrowing limit. that's also coming up. you got the $16 trillion limit on the december 31st. he'll use accounting measures to save. >> and antiapartheid icon nelson mandela was discharged from the hospital. he'll continue treatment at home. he was hospitalized for a lung infection. >> starbucks is getting into the fight over the fiscal cliff. they're now asking workers in all d.c. area stores to write the quote "come together" on the coffee cups they serve today and tomorrow. that company's ceo says it's the company's way of telling politicians they need to find common ground. >> hollywood has seen the number of movie tickets sold go up for the first time in three years. the industry rebounds ad there year -- rebounded this year. >> five days until the new year and they're getting ready for the countdown in times square. installation begins today for the crystal ball in the square. that ball is covered by 2700 waterford crystals and megan you said these have some significance. >> abso
treasury secretary tim geithner says tomorrow he'll begin talking about the steps to delay hitting the government's borrowing limit. that's also coming up. you got the $16 trillion limit on the december 31st. he'll use accounting measures to save. >> and antiapartheid icon nelson mandela was discharged from the hospital. he'll continue treatment at home. he was hospitalized for a lung infection. >> starbucks is getting into the fight over the fiscal cliff. they're now asking workers...
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Dec 27, 2012
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. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> reporter: the current budget negotiations between president obama and house speaker john boehner also could mean the re
. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows...
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Dec 27, 2012
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the government there facing $9 billion in debt repayments next year. so, people who dress up as santa claus can reportedly make up to 440 bucks an hour performing in the capitol the state tax service has reminded those holiday entertainers to file forms and pay their taxes. cannot tax checks on small businesses urging ukrainian citizens to report any tax dodging santas. would you want to be the one to turn in santa? it may have been the year of the dragon in china. 2012 was filled with all source of critters and their wild moments caught on camera. next, a look back at a big year in animals. including one of the world's smallest, smallest, tiniest little puppies. tiniy, tiny. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it
the government there facing $9 billion in debt repayments next year. so, people who dress up as santa claus can reportedly make up to 440 bucks an hour performing in the capitol the state tax service has reminded those holiday entertainers to file forms and pay their taxes. cannot tax checks on small businesses urging ukrainian citizens to report any tax dodging santas. would you want to be the one to turn in santa? it may have been the year of the dragon in china. 2012 was filled with all...
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Dec 24, 2012
12/12
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government. he finds like-minded thinkers on the gun show circuit. during the early 1990s, they expos become gathering places for the fast-growing militia and patriot movements. it is in this subculture that mcveigh finally finds an outlet for his growing rage. >> i mean, you could find an amazing amount of literature on insurgency, on forming militias, on building weapons. they're amazingly antigovernment. >> one of my favorite bumper stickers, you've heard the one that says "when guns are outlaws, only outlaws will have guns." there's a new one -- when guns are outlawed, i will become an outlaw. it was at that point when i was fully intent on my life that i was going to live outside the law. >> he started to believe our government was going to come into people's homes and take their guns away. and this scared the hell out of tim mcveigh. >> that same mentality is what you say from gun show to gun show to gun show. get your weapons now, stockpile them now. >> for tim mcveigh, this must seem like the next war that's about to be waged. >> tonight at l
government. he finds like-minded thinkers on the gun show circuit. during the early 1990s, they expos become gathering places for the fast-growing militia and patriot movements. it is in this subculture that mcveigh finally finds an outlet for his growing rage. >> i mean, you could find an amazing amount of literature on insurgency, on forming militias, on building weapons. they're amazingly antigovernment. >> one of my favorite bumper stickers, you've heard the one that says...
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Dec 27, 2012
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a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
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Dec 27, 2012
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the federal government tested toyota. they said it was floor mats or sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas, she says she was pulling in to a parking spot at a local mall, gently riding the brakes when she says -- well, take a listen. >> the car just lurched forward and hit the cement wall in front of us. >> she jammed on the brakes so hard, she says she strained ligaments in her foot causing massive swelling. when she called the dealership, the salesman insisted she call a toyota company salesman. >> you will not drive this again? >> i will not drive it again. >> toyota never conceded. there was an internal document written in japanese with english translation that shows in one instance during pre-production testing an electronics software problem was discovered. toyota says it has nothing to do with unintended acceleration. other safety experts disagree. drew griffin is here tonight. first a big settlement earlier this month and now this. is
the federal government tested toyota. they said it was floor mats or sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas, she says she was pulling in to a parking spot at a local mall, gently riding the brakes when she says -- well, take a listen. >> the car just lurched forward and hit the cement wall in front of us. >> she jammed on the brakes so hard, she says she strained ligaments in her foot causing...
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Dec 27, 2012
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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Dec 29, 2012
12/12
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. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849 q
. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double....
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Dec 27, 2012
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one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people? was it never pointed out to them in any way, shape or form war where republicans portrayed as just mean and stingy and hurting people all costs? what is going on here? >> as you and i have discussed republicans have seeded cultural ground especially on college campuses. mitt romney and paul ryan rarely made an appearance and rarely made conservative ideas, free market ideas palatable to younger voters and talk about things, investing in a social security system that won't be around for them. i think we have allowed liberals or conservatives have allowed liberals to take the pop cultural game and
one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people?...
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Dec 27, 2012
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KQED
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. >> he also defected from the bashar al-assad government. before that he held several high-ranking posts including the ambassador to sweden. i asked him how significant it is. >> it is very significant because one of the highest- ranking officers that have affected so far, and this man is the head of the military police and he must know a lot of things that have been going on by the army, invading the cities and killing civilians and bombarding the area with chemical weapons. he has said homs was bombed with chemical weapons. this is his statement. i think he was in a position to do this because you have all the reports coming to him. >> is it really that significant given that bashar al-assad still can count the military in multiples of tens of thousands? he is getting help from the russians, the iranians, and also has fallen out of lebanon. he looks pretty secure and appears to be acting with impunity. >> you are right. we cannot forget the fact this person has a lot of information about the use of prohibited weapons, especially this thing
. >> he also defected from the bashar al-assad government. before that he held several high-ranking posts including the ambassador to sweden. i asked him how significant it is. >> it is very significant because one of the highest- ranking officers that have affected so far, and this man is the head of the military police and he must know a lot of things that have been going on by the army, invading the cities and killing civilians and bombarding the area with chemical weapons. he...
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Dec 27, 2012
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government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly, when you look at 2013, the outlook for that to continue looks recently good. >> well, sure. and the other thing we'll look forward to is the number on jobless claims. they were back to their prehurricane level suggesting that the labor market hasn't fallen out of bed. there will be an interesting announcement coming out of the irs sometime between now and the end of the year which will be very important. they're going to give guidance to employers on what will be the tax withholding rates for 2013. under the laws, those with
government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly,...